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Dealing with tariff complaints

WTO's India review shows protectionism has alienated partners

trade, export, container, major ports, import, shipping, sea, business, seafarer, merchan navy
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Business Standard Editorial Comment New Delhi
The recently released minutes of the meeting at the World Trade Organization (WTO) to discuss India’s latest trade policy clearly show that concerns about its recent turn towards protectionism and import substitution are rife among its trading partners. What is worth noting is that many of these concerns were raised by countries with which India shares close, even strategic, economic and political relationships.

Australia and New Zealand highlighted India’s agricultural policy in general, and foodgrain policy in particular, as requiring further explanation. Brazil made similar complaints about the lack of reform in sugar procurement, which, it said, cost its producers hundreds